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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION RESPONDENT FAIN SECURITIES EXCHANGE PROCEEDING SECURITIES EXCHANGE ACT FINDINGS SANCTIONS FRAUD UNITED STATES ADMINISTRATIVE PROCEEDING WILLIAM PURSUANT ADMITTING PARAGRAPH ENTRY CONVICTION BROKER-DEALER CRIMINAL INFORMATION PROMOTER RESTITUTION FOREGOING COMMISSION DEEMS PROTECTION INVESTORS IMPOSE HEREBY DEALER DELEGATED AUTHORITY |
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 42234 / December 14, 1999
ADMINISTRATIVE PROCEEDING
File No. 3- 9909
______________________________________
In the Matter of ORDER MAKING FINDINGS
AND IMPOSING
REMEDIAL SANCTIONS
WILLIAM A. FAIN, JR.,
Respondent
_______________________________________
I.
The Securities and Exchange Commission ("Commission") instituted
public administrative proceedings against Respondent William A. Fain
("Fain") on May 25, 1999, pursuant to Sections 15(b) and 19(h) of the
Securities Exchange Act of 1934 ("Exchange Act").
II.
Respondent Fain has submitted an Offer of Settlement ("Offer") to the
Commission, which the Commission has determined to accept. Solely for
the purpose of this proceeding and any other proceeding brought by or
on behalf of the Commission, or in which the Commission is a party,
and without admitting or denying the findings contained herein, except
as to the jurisdiction of the Commission over the Respondent and over
the subject matter of this proceeding and as to paragraph III.A.
below, and except as to the entry of the conviction set forth in
paragraph III.D., below, which are admitted, Respondent Fain by his
Offer consents to the entry of findings and remedial sanctions as set
forth below.
III.
On the basis of this Order Making Findings and Imposing Remedial
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